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Connexa Sports Technologies Priced, Nasdaq: CNXA

Makes a portable tennis ball launcher.

Industry: Consumer Discretionary

Latest Trade: $0.98 -0.52 (-34.7%)

First Day Return: -50.8%

Return from IPO: -62.5%

Industry: Consumer Discretionary

We are a sports technology and media company. Our vision is to derive revenue from sports equipment sales and subscription services focused on our primary ball sports verticals of racquet sports (tennis, pickleball and padel), baseball / softball and cricket, as well as our secondary verticals, such as basketball, hockey and soccer. We aim to make participation in sports and consuming sports content fun, accessible and connected through our product portfolio of ball launchers, AI technology, performance video, performance analytics, live streaming of drills, practices and instructional content, and our facilities / membership management software capabilities. We aimed to produce an affordable and portable tennis ball launcher targeted at individual users. Slinger Bag began sales of its tennis ball launcher in 2020. Since then, we believe Slinger Bag has become a brand recognized by tennis players world-wide. We attribute our growth in part to our deep understanding of tennis as a sport and of the tennis enthusiast, coupled with a knowledge and know-how that allow us to create a product that we believe exceeds the expectations of tennis players of all abilities. In building the brand, we believe it has created a group of passionate consumers who constantly support and promote the Slinger Bag brand. Various tennis governing bodies and country tennis federations have sought partnerships with Slinger Bag. We believe Slinger Bag has contributed to the significant growth of tennis over the past few years, by facilitating more players, playing more tennis, more often.
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IPO Data
IPO File Date 09/13/2021
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 1.0
Deal Size ($mm) $4
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 06/14/2022
Offer Price $4.00
Price Range $4.00 - $4.00
Offer Shares (mm) 1.0
Deal Size ($mm) $4
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Northland Securities
Spartan Capital Securities
Company Data
Headquarters Windsor Mill, MD, United States
Founded 2015
Employees 53
Website www.connexasports.com

Connexa Sports Technologies (CNXA) Performance